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Monday, March 14, 2016

Hyderabad Metro Rail fares to go up

The Hyderabad Metro Rail fares are set to be hiked when the first stage commercial operations are launched in June.

The TS government gave indications to this effect in the Assembly on Sunday. Minister for municipal administration and urban development, K.T. Rama Rao, who briefed the House regarding the progress of the Metro Rail project, said the fares had been initially fixed in the price band of Rs 8 to Rs 19 in April 2011, these would now go up to Rs 13 to Rs 25 as per present costs. He said the project had been going on at a brisk pace since the TRS government assumed office in June 2014.

The minister added that the state was keen to extend services to the Old City by three more km from the existing 5.5 km and offered to hold an all-party meeting with public representatives to resolve the issues that were blocking the project. Mr Rama Rao said, “L&T will earn 50 per cent through passenger fares, 45 through lease of complexes and 5 per cent through advertisements on metro pillars and stations.”